Tesco is planning to venture into the used car market in the UK, where it’s thought they will sell hundreds of thousands of used cars a year via a website similar to Autoquake, according to Car Dealer Magazine.
A source revealed to the magazine:“The sole aim of this will be for Tesco to up-sell its finance and insurance products to buyers of these used cars. It’s likely they’ll make very little on each sale but instead use it to make lots of revenue from their financial arm.”
Source: Car Dealer Magazine
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